A lower vacancy and a healthier CBD continue with on going leases of office space. Silver Spring has not seen this kind of leasing activity in 14 years. Lower rents compared to other areas keep it competitive. Latest in leasing activity is 801 Roeder Road, the recently renovated building is 98% leased.

Carl B. Taylor of Atlantic Realty and owner of the building issued some fighting words, “Downtown Silver Spring has bypassed Bethesda as the place to be. Silver Spring is an exciting, dynamic, first -class business location for office, retail and residential users. In addition to being 98% leased at 801 Roeder Road, we also are 98% leased at 8737 Colesville Road and 100% leased at 8757 Georgia Avenue. We want to take this opportunity to thank all of the brokers who have worked with us to achieve this success,”

New Tenants will include,

— Children’s Hospital Research Department - 6,755 sq. feet
(Jeffrey Fantle of Transwestern represented the tenant)

— Pulmonary Hypertension Association - 6,282 sq. feet
(Gary Araback and Stephen Hoffman of Blake Real Estate
represented the tenant)

— Radio Shack - 2,942 sq. feet
(Josh Miller of EZRA represented the tenant)